The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-01
What the Real-Estate Men Saw.


enthusiasm lead them into extravaganza state
ments, as might be expected. They are some
what conservative, and at the same time conf
dent that Indianapolis can stand an advance liz
real-estate values much above those ruling.
AS the business men look at the conditions of
prosperity, SO do the real-estate dealers
1.-The boom has not reached yet said Mr..
Charles Schurmann to Journal reporter. ''We
have been doing well, but the prospects of get
ting gas has had the effect of making prices de-
cdedly frmer. The squirt of gas
at Brehtwood led to the withdrawal
of property from my books. The
holders do want sell. On the other hand
l have several deals in progress, holding the
fusal of valuable properties. My principals
wired to close the trades at when they
heard of the Brightwood we'll Prices are al
ways changing. l cannot tell what they will
be twenty four hours hence. But, aside from
the influence of gas the market real estate
were in the first of the recovery towards what
property Is really worth when gas
came in TO give prices a decided ten
dency upward. It seems then that the
speculative fever began, although during the past
week considerable property changed hands at
prices asked for 1t last year | hope that values
son. With me there has been but little inquiry
for improved property. It is mostly for vacant
lots in block acres know Indianapolis real
estate through fourteen years experience and
have seen the time when the market prom
ised such good results for the city"
This advance in prices" said John S. Spann,
came upon suddenly. Values got down
very low, and then appeared the influence to
make the market firmer. Gas has helped in this,
but there other reasons just strong.
Many homo people are buying lots to improve,
which shows a healthy state of the market Bet
terments in this direction are going on
as they ~, have not done for twelve
had money that was seeking loans. It is
difficult now to place loan, for money wants to
go into real estate. Everybody to have a
strong faith in the growth of the city. All
classes of property are largely inquired for and
it is safe to buy the merits of land and it's
probable improvements without any reference to
fictitious values. We may be recovering too fast
from period of depression, but the legitimate
advance real estate will be maintained The
best business property is in demand. which
shows that the legitimate investments are equal
to- if they do not oYerbalance, the speculative
investments"
w. E. Mick thinks the increase in values
location of property. Thirty days ago he had a
piece of real estate that could have been bought
for $l2, 600. He disposed of it yesterday for
500, 600. Near Haughville. seventy-five acres "a
few days ago sold for $I3 00O and yester-
day $50, 900 offered for the property.
It is noticed by all real-estate
or as large amount down as possible with a
request only for a little time. In 1873 it was
different Every one wanted to pay as little
down and get as long time possible. Buyers
are coming in from all directions, and the COM
ing week it is thought will be an eveatful one in
the closing of trades at which options have been
held.
j. n. Bnford said it was difficult to keep
holders of property to any figure. for even
few hours. He had great demand for all classes
of property. but prices had such an upward ten
dency that had to close a sale at once if he
wanted to be sure of it.
The largest single sales for the week, so far as
recorded, were the following:
Lewis Wallace TO Mary E. Compton Sc 900;
heirs at law of Vincent NJ. Miller to Verlinda
Miller farm, "a. 750; heirs of Vincent NJ Miller
to Elizabeth Miller, farm, $12. 100; William r.
F. Crawford and VIM. H. Taylor, of Richlaud
county, Ohio, thirteen lots west of White river on
the National road, the Belt railroad, S. 800;
Daniel NJ. Ransdell to Lorenz Schmidt, block
Mutual Life Insurance Company TO Sam
uel F; Galloway. $4,000; S. "A. Fletcher
& Co to VIM. l.. Taylor =, and
East-end addition. $l2 000 Elizabeth Muir to
Julius Adler, Sc, 900; Thos McIlvain Christian
Spege., four lots in Hubbard 81 Collects North
Miller s44 acres Charlottesville road. So. 80;
Maria Jameson ct al. to VIM. Covert. Central
avenue and Home avenue, $4,000; E.
Deleyan Woodruff to BENZ Gould, of Ledyard,
n V thirty-four lots, Woodruff Place $40 coo:
Christian Spiegel to Harry J. Milligau, lots in
Woodss subdivision, SIS. OC0: Anthony Roesener to
Augustus Kiefer, Maryland street. between
Pennsylvania and Meridian, $l2, $50. James A.
Roosevelt VIM. FL. Coleman. Massachusetts
avenue near Alabama, Sc 900; VIM S. Hubbard
TO Lyman s. Ayres, lot IN Hubbards subdivision,
west corner of Alabama street and Massachu-
sets avenue. $1,000.
The Transfers Recorded Yesterday.
The transfers of yesterday numbered thirty
six. and the aggregate consideration dropped off
ever, brought the considerations for the week up
tn S2aG o53 on 167 transfers or ahout avar-